Mission Statement, Vision, & Core Values of Companhia Energética de Minas Gerais (CIG)

Ever wondered what drives a major energy provider like Companhia Energética de Minas Gerais (CIG) beyond just delivering electricity? How do their guiding principles shape their operations and strategic decisions? Understanding the mission, vision, and core values of CIG provides insight into the company's goals, how it aims to achieve them, and the principles that guide its actions, especially considering its significant revenue of R$33.8 billion in 2024. Let’s explore the foundational elements that define CIG's approach to the energy sector and its commitment to stakeholders.

Companhia Energética de Minas Gerais (CIG) An Overview of

Companhia Energética de Minas Gerais (CIG), also known as Cemig, has a rich history dating back to 1952. The company operates in the electric power sector, with a significant presence in generation, transmission, and distribution. Cemig's services reach a vast customer base, providing essential energy solutions across the state of Minas Gerais and beyond.

Cemig provides a range of products and services, including:

• Electricity Generation: Operating hydroelectric, thermal, wind, and solar power plants.
• Transmission: Managing high-voltage transmission lines.
• Distribution: Delivering electricity to residential, commercial, and industrial customers.
• Energy Solutions: Offering energy efficiency programs and renewable energy solutions.

In the fiscal year 2024, Cemig demonstrated a strong financial performance. The company reported a consolidated revenue of R$37.9 billion. This robust revenue reflects Cemig's strong market position and efficient operations in the energy sector.

Cemig's financial results for 2024 showcase its continued growth and profitability. The company's adjusted EBITDA reached R$7.5 billion, with a net income of R$3.1 billion. These figures underscore Cemig's operational efficiency and effective financial management.

Cemig stands out as a leader in the Brazilian electric power industry. Its commitment to innovation, sustainability, and customer satisfaction has solidified its position as a key player in the energy market. The company's strategic investments in renewable energy and modernization of its infrastructure further enhance its competitive edge.

Want to understand why Cemig is so successful? Find out more here: Exploring Companhia Energética de Minas Gerais (CIG) Investor Profile: Who’s Buying and Why?

Companhia Energética de Minas Gerais (CIG) Mission Statement

The mission statement of Companhia Energética de Minas Gerais (CIG) reflects its dedication to providing sustainable energy solutions and creating value for its stakeholders. By examining its core components, we gain a deeper understanding of the company's strategic objectives and operational priorities. For more insights, explore Companhia Energética de Minas Gerais (CIG): History, Ownership, Mission, How It Works & Makes Money.

CIG's mission statement encompasses several key areas:

• Sustainable Energy Solutions: CIG is committed to generating and distributing energy in an environmentally responsible manner. This includes investing in renewable energy sources such as hydroelectric, solar, and wind power.
• Value Creation: CIG aims to deliver value to its shareholders, customers, employees, and the communities it serves. This involves optimizing operational efficiency, fostering innovation, and maintaining high standards of corporate governance.
• Stakeholder Engagement: CIG recognizes the importance of engaging with its stakeholders to understand their needs and expectations. This includes conducting regular consultations, promoting transparency, and addressing concerns in a timely and effective manner.

In alignment with its mission, CIG has undertaken several initiatives to promote sustainability and create value. For example, the company has invested significantly in renewable energy projects, such as the expansion of its hydroelectric power plants and the development of new solar energy facilities. These investments not only reduce CIG's carbon footprint but also enhance its energy security and diversify its revenue streams.

Furthermore, CIG has implemented various programs to improve operational efficiency and reduce costs. These include the adoption of advanced technologies, such as smart grids and predictive maintenance systems, as well as the implementation of lean management principles. By streamlining its operations, CIG can deliver more affordable and reliable energy to its customers while also improving its financial performance.

CIG's commitment to stakeholder engagement is also evident in its corporate social responsibility initiatives. The company supports various community development projects, such as education and healthcare programs, as well as environmental conservation efforts. By investing in the well-being of the communities it serves, CIG strengthens its social license to operate and fosters long-term relationships with its stakeholders.

Companhia Energética de Minas Gerais (CIG) Vision Statement of

Companhia Energética de Minas Gerais (CIG), also known as Cemig, outlines its strategic direction and aspirations through its mission, vision, and core values. These statements provide a framework for the company's operations, decision-making, and stakeholder engagement. As of April 2025, understanding these guiding principles is crucial for investors, employees, and anyone interested in the company's long-term goals. You may find more information about Companhia Energética de Minas Gerais (CIG) Financial Health here: Breaking Down Companhia Energética de Minas Gerais (CIG) Financial Health: Key Insights for Investors

Cemig's mission is to sustainably provide energy and other related solutions, creating value for its customers, shareholders, and society. This statement emphasizes the company's commitment to:

• Sustainability: Integrating environmental and social considerations into its business practices.
• Value Creation: Delivering benefits to all stakeholders, including customers, shareholders, and the community.
• Energy and Related Solutions: Focusing on its core business of energy production and distribution while also exploring related opportunities.

Cemig aims to be recognized as a sustainable energy company, valued for its excellence in customer relations, innovation, and efficiency, contributing to the development of Minas Gerais and Brazil. Key components of this vision include:

Cemig aims to be a sustainable energy company, integrating environmental and social responsibility into its core business strategy. This involves:

• Investing in renewable energy sources.
• Reducing its carbon footprint.
• Promoting energy efficiency among its customers.
• Supporting social and environmental initiatives in the communities where it operates.

In 2024, Cemig invested BRL 1.2 billion in renewable energy projects, increasing its renewable energy capacity by 15%.

Cemig prioritizes building strong relationships with its customers by providing reliable service, personalized solutions, and responsive support. This includes:

• Investing in customer service training for its employees.
• Implementing new technologies to improve customer communication and engagement.
• Developing customized energy solutions for different customer segments.

In 2024, Cemig achieved a customer satisfaction rating of 4.5 out of 5 stars, a 10% improvement over the previous year.

Cemig is committed to driving innovation and improving efficiency across its operations. This involves:

• Investing in research and development to develop new energy technologies.
• Implementing process improvements to reduce costs and improve productivity.
• Adopting digital technologies to enhance operational efficiency.

In 2024, Cemig invested BRL 500 million in research and development, resulting in a 20% increase in operational efficiency.

Cemig aims to contribute to the economic and social development of Minas Gerais and Brazil by providing reliable energy, creating jobs, and supporting community initiatives. This includes:

• Investing in infrastructure projects to improve energy access in underserved areas.
• Creating job opportunities through its operations and investments.
• Supporting education, health, and environmental programs in local communities.

In 2024, Cemig contributed BRL 3 billion in taxes to the state of Minas Gerais and created 5,000 new jobs.

Cemig's core values guide the behavior of its employees and shape the company's culture. These values include:

• Ethics and Transparency: Conducting business with integrity and openness.
• Respect for People: Valuing diversity, promoting inclusion, and treating all stakeholders with respect.
• Commitment to Results: Striving for excellence and delivering on its promises.
• Innovation and Continuous Improvement: Embracing new ideas and continuously seeking ways to improve its performance.
• Sustainability: Integrating environmental and social considerations into all aspects of its business.

Companhia Energética de Minas Gerais (CIG) Core Values

A discussion of Companhia Energética de Minas Gerais (CIG)'s core values reveals a commitment to sustainability, innovation, and social responsibility. CIG, one of the largest power companies in South America, has been operating since 1952. The company's activities include electricity generation, transmission, distribution, and commercialization, as well as natural gas distribution.

In 2024, CIG's revenue reached 39.82 billion BRL, an 8.06% increase from the previous year. Earnings also saw a substantial rise, reaching 7.12 billion BRL, a 23.47% increase. This financial performance underscores CIG's operational excellence and strategic focus. As of December 31, 2023, CIG operated 57 hydro plants, 9 wind farms, and 2 photovoltaic power stations, demonstrating a commitment to diverse energy sources.

CIG's dedication to sustainability is evident in its environmental initiatives. The company retired its only fossil fuel-powered thermal plant at the end of 2019, achieving 100% emissions-free installed capacity. CIG has also increased its renewable generation capacity, with wind capacity growing annually by 23.8% since 2017. In 2020, hydro, wind, and solar sources accounted for 98%, 1.89%, and 0.02% of its energy mix, respectively. Furthermore, CIG reduced its combined scope 1, 2, and 3 emissions by approximately 26% between 2017 and 2020.

CIG’s commitment to social responsibility is reflected in its various community engagement programs. These initiatives include investments in energy efficiency and citizenship, benefiting low-income families and public institutions. For example, CIG’s Intelligent Energy Program invests R$ 40 million to improve energy efficiency in 80 public and philanthropic hospitals over two years. The company also promotes sustainable energy use by donating modern, efficient appliances to charitable and public organizations.

Explore more about CIG's investor profile: Exploring Companhia Energética de Minas Gerais (CIG) Investor Profile: Who’s Buying and Why?

Commitment to Environmental Sustainability

CIG demonstrates its commitment to environmental sustainability through various initiatives aimed at reducing emissions and expanding renewable energy capacity. The company's environmental performance is a key aspect of its operations, with a focus on minimizing negative impacts and generating positive environmental outcomes.

• Renewable Energy Expansion: CIG operates 57 hydroelectric power plants, 9 wind farms, and 2 photovoltaic power stations.
• Carbon Reduction Program: Investment of R$ 78 million led to a reduction of 320,000 tons of CO2 equivalent.
• GHG Emissions Reduction: Scope 1, 2, and 3 emissions reduced by approximately 26% between 2017 and 2020.

Dedication to Social Responsibility

CIG is dedicated to social responsibility, focusing on initiatives that benefit communities and promote social development. The company’s social programs aim to improve quality of life, support vulnerable populations, and promote access to essential services.

• Energy Efficiency Program: Investments of R$ 25 million in energy efficiency and citizenship initiatives.
• Health Sector Support: Cemig's Intelligent Energy Program invests R$ 40 million to benefit 80 public and philanthropic hospitals.
• Cultural Investment: Increasing involvement in cultural projects and initiatives to enhance social development and quality of life.

Emphasis on Innovation and Technology

CIG places a strong emphasis on innovation and technology to improve its operations and deliver sustainable energy solutions. The company invests in modernizing its infrastructure and adopting smart grid technologies to enhance efficiency and reliability.

• Smart Grid Technologies: Investment of R$ 456 million in infrastructure modernization in 2023.
• Advanced Metering Infrastructure: Implementation of advanced metering infrastructure for real-time energy monitoring.
• Digital Substations: Development of digital substations to improve grid management and efficiency.